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Prior to the pandemic, learning poverty (the percentage of 10-year-olds unable to read and understand a simple text) in low-and middle-income countries was already at 53% and initially projected to rise to 63%.
26 Citi estimated that racial inequity has cost the US $16 trillion in GDP over the past two decades.
While approaches will differ, health equity should be a more intentional outcome for organizations committed to managing their ESG impacts.
Embedding health equity measurement and reporting standards in ESG frameworks, work that several standards-setting organizations have already begun, can create a shared language and approach for business leaders to assess, measure and act on health equity.
This involved readjusting the baseline from which businesses and institutions measure the growth trajectory and factoring in the cost of climate damage (plus the increasing cost of that damage and the price to “fix it” over time with insufficient climate action).
